The discovery of a BRL 20 billion shortfall in Americanas’ accounts, as disclosed in an official statement to the market (relevant fact) last Wednesday (11), made the market remember other crises in the retail sector. Mesbla, Mappin, Ultralar, Arapuã and JumboEletro are some of the companies that, in recent decades, have seen their numerous stores […]
Suzanne
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
China tries “new tactic” to control Alibaba and Tencent
Shares in Alibaba and Tencent rose on Friday despite reports that China’s government is working to acquire so-called ‘golden shares’ in units of both companies. The plan could represent an alternative to the regulatory crackdown that has hit Chinese tech stocks hard in recent years and included fines for Alibaba and Tencent for failing to […]
MPF will investigate whether directors of Americanas sold shares before the breach was announced
The Federal Public Prosecutor’s Office of São Paulo opened a procedure to investigate possible trading of Americanas shares by people with privileged information about the company’s situation. The sale of shares would exceed R$ 200 million and would have happened before the discovery of the R$ 20 billion hole in the company’s balance sheet. Since […]
Trade between Brazil and the US reaches US$ 88.7 billion and hits a record in 2022, says research
Trade between Brazil and the United States in 2022 reached an all-time high of US$88.7 billion, according to an analysis by Amcham’s Brazil-US Trade Monitor. The survey shows that the value surpassed by US$ 18.2 billion (25.8%) the previous record, set in 2021. The growth of exports from Brazil to the world was 19.3% while […]
Understand what is “forfait”, or “withdrawal risk”, which can explain the gap in Americanas
In a material fact published on Wednesday (11), Americanas announced that inconsistencies were detected in accounting entries on its balance sheet. The value of the gap is estimated at BRL 20 billion . The company’s statement does not make clear what happened. But analysts and market specialists believe that the gap could have been caused […]
Rent price in São Paulo rises 15.5% in 2022, says survey
The city of São Paulo ended 2022 with a 15.52% increase in rental prices, according to the Quinto Andar Rental Index, released this Friday (13). In 2021, this variation was 3.16%, and in 2020, the year of the Covid-19 pandemic, prices fell by 5.4%. In the capital, the average value of the square meter last […]
Profits of US banks do not impress amid tensions with recession
JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that beat Wall Street forecasts on Friday, but investors were disappointed. Trading was choppy, with most bank stocks falling in the open market before recovering. Shares in JPMorgan Chase were up about 1% in late morning, while the BofA was flat. Wells […]
Majority of European stock markets close higher, with local data and ECB
Stock markets in Europe closed higher this Friday (13) in a session marked by industry data, by the Gross Domestic Product (GDP) of Germany and by new directions for interest rate increases by the European Central Bank (ECB) . In London, the FTSE 100, rose 0.64%, to 7,844.07 points, a weekly high of 1.88%, while […]
Two of 9 economic measures announced by Haddad provide for cost cuts
Only two of the measures in the fiscal recovery plan announced by Haddad on Thursday (12) provide for cutting expenses. The group of actions to be taken by the federal government aims to improve the country’s fiscal situation, reducing the gap in public accounts. The Ministry of Finance announced that it intends to reduce the […]
JPMorgan boosts Q4 2022 earnings to $11 billion
JPMorgan Chase had a net profit of US$ 11 billion in the fourth quarter of 2022, a result 6% higher than the gain of US$ 10.4 billion obtained in the same period of 2021, according to a balance sheet published this Friday (13) . Earnings per share for the largest US bank between October and […]
